Group 1 - On September 8, Jingwang Electronics executed a block trade of 43,000 shares, with a transaction value of 2.2919 million yuan, accounting for 0.15% of the total transaction volume for the day [1] - The transaction price was 53.3 yuan, which was in line with the market closing price of 53.3 yuan [1]

Company Overview - Jingwang Electronics, established on March 9, 1993, is located in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of printed circuit boards (PCBs) [1] - The company's main business revenue composition is 94.67% from printed circuit boards and 5.33% from other supplementary sources [1] Stock Performance - On September 5, Jingwang Electronics' stock rose by 5.07%, reaching a price of 54.67 CNY per share, with a trading volume of 1.392 billion CNY and a turnover rate of 2.80% [1] - The total market capitalization of Jingwang Electronics is 51.542 billion CNY [1] Fund Holdings - According to data, one fund under GF Fund Management holds a significant position in Jingwang Electronics, specifically the GF Science and Technology Theme Flexible Allocation Mixed Fund (LOF) [2] - As of the second quarter, this fund held 552,500 shares of Jingwang Electronics, accounting for 3.79% of the fund's net asset value, making it the fifth-largest holding [2] - The fund has achieved a year-to-date return of 24.25% and a one-year return of 54.1%, ranking 2400 out of 8178 and 1741 out of 7978 in its category, respectively [2]

Group 1 - The core viewpoint of the news is that Jingwang Electronics has seen a significant increase in its stock price, rising by 5.07% to 54.67 CNY per share, with a trading volume of 1.392 billion CNY and a turnover rate of 2.80%, leading to a total market capitalization of 51.542 billion CNY [1] - Jingwang Electronics, established on March 9, 1993, and listed on January 6, 2017, is primarily engaged in the research, production, and sales of printed circuit boards, with 94.67% of its revenue coming from this main business and 5.33% from other supplementary activities [1] Group 2 - From the perspective of fund holdings, Jingwang Electronics is a significant position in the portfolio of the Jingguan Taifu Innovation Power Mixed Fund A (022336), which held 36,200 shares, accounting for 3.02% of the fund's net value, making it the sixth-largest holding [2] - The Jingguan Taifu Innovation Power Mixed Fund A was established on December 24, 2024, with a latest scale of 49.6468 million CNY and has achieved a year-to-date return of 15.8%, ranking 3895 out of 8178 in its category [2] - The fund manager, Cao Yongzhi, has been in the position for 256 days, with the fund's total assets amounting to 50.1113 million CNY, achieving a best return of 15.81% and a worst return of 15.49% during his tenure [2]

Company Overview - Jingwang Electronics, established on March 9, 1993, and listed on January 6, 2017, is located in Shenzhen, Guangdong Province, specializing in the research, production, and sales of printed circuit boards (PCBs) [1][2] - The company's main business revenue composition is 94.67% from printed circuit boards and 5.33% from other supplementary services [1] Stock Performance - As of September 5, the stock price of Jingwang Electronics increased by 2.02% to 53.08 CNY per share, with a total market capitalization of 50.043 billion CNY [1] - Year-to-date, the stock price has risen by 96.30%, but it has seen a decline of 16.92% in the last five trading days and 10.97% over the last 20 days [1] - The stock has appeared on the daily trading leaderboard five times this year, with the most recent instance on September 2, where it recorded a net buy of -50.4725 million CNY [1] Financial Performance - For the first half of 2025, Jingwang Electronics reported a revenue of 7.095 billion CNY, representing a year-on-year growth of 20.93%, while the net profit attributable to shareholders decreased by 1.06% to 650 million CNY [2] - The company has distributed a total of 3.057 billion CNY in dividends since its A-share listing, with 1.593 billion CNY distributed in the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 15.29% to 41,600, with an average of 22,190 circulating shares per shareholder, an increase of 18.29% [2] - Notable institutional shareholders include Hong Kong Central Clearing Limited, which holds 12.1388 million shares, and Southern CSI 500 ETF, which increased its holdings by 2.3751 million shares [3]

9月4日，景旺电子跌5.01%，截至发稿，报52.34元/股，成交12.07亿元，换手率2.36%，总市值493.45亿 元。 南方数字经济混合A（019410）成立日期2023年11月14日，最新规模3093.33万。今年以来收益36.9%， 同类排名1420/8180；近一年收益66.69%，同类排名1303/7978；成立以来收益54.92%。 南方数字经济混合A（019410）基金经理为王博。 截至发稿，王博累计任职时间5年300天，现任基金资产总规模47.63亿元，任职期间最佳基金回报 82.48%， 任职期间最差基金回报-43.42%。 南方中证500ETF（510500）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年139天，现任基金资产总规模1389.99亿元，任职期间最佳基金回报 141.73%， 任职期间最差基金回报-47.6%。 从基金十大重仓股角度 数据显示，南方基金旗下1只基金重仓景旺电子。南方数字经济混合A（019410）二季度减持6300股， 持有股数4.34万股，占基金净值比例为4.41%，位居第八大重仓股。根据测算，今日浮亏损失约11.98万 元。 资料显示，深圳市景 ...

Group 1 - The company issued convertible bonds named "Jing 23 Convertible Bonds" on April 4, 2023, with a total of 11.54 million bonds and a total fundraising amount of RMB 1.154 billion, with a maturity of 6 years [1] - The coupon rates for the "Jing 23 Convertible Bonds" are set at 0.30% for the first year, increasing to 2.00% by the sixth year [1] - The bonds were listed for trading on May 9, 2023, under the code "113669" [1] Group 2 - The initial conversion price for the "Jing 23 Convertible Bonds" is set at RMB 25.71 per share, with the latest conversion price adjusted to RMB 23.91 per share [2] - The conversion price has been adjusted multiple times due to annual profit distributions, with the most recent adjustment occurring on June 11, 2025, bringing the price down to RMB 23.91 per share [2] Group 3 - The company has conditional redemption clauses for the "Jing 23 Convertible Bonds," allowing redemption if the stock price exceeds 130% of the conversion price for 15 out of 30 consecutive trading days or if the remaining unconverted bonds are less than RMB 30 million [3] - The company decided not to exercise the early redemption right on February 19, 2025, despite the stock price meeting the redemption criteria [5] - Future redemption rights will be reassessed after August 19, 2025, based on stock price performance [5][6]

Core Insights - On September 2, the Shanghai Composite Index fell by 0.45%, with institutional investors appearing on the trading lists of 28 stocks, net buying 13 and net selling 15 [1][2]. Institutional Trading Summary - The stock with the highest net buying by institutional seats was Lioo Co., which closed up 1.04% with a turnover rate of 34.11% and a transaction volume of 11.93 billion [2][5]. - The stock with the largest net selling was Jingwang Electronics, which saw a drop of 10.00% and a net selling amount of 290.28 million [3][6]. Stock Performance - Stocks with significant institutional net buying included: - Lioo Co.: Net buying of 222.45 million, closing up 1.04% [5]. - Giant Wheel Intelligent: Net buying of 91.08 million, closing up 10.01% [3][5]. - Slin Co.: Net buying of 86.56 million, closing up 11.32% [5]. - Stocks with significant institutional net selling included: - Jingwang Electronics: Net selling of 290.28 million, closing down 10.00% [6][9]. - Innovation Medical: Net selling of 216.24 million, closing down 3.33% [6][9]. - Hengbao Co.: Net selling of 138.32 million, closing down 9.99% [6][9]. Market Trends - The average increase for stocks with institutional net buying was 4.58%, outperforming the Shanghai Composite Index [3]. - The probability of stocks with institutional net buying rising the next day was 49.35%, with a 46.43% chance of outperforming the index [3]. Stock Connect Activity - On September 2, 27 stocks on the trading list had either Shanghai or Shenzhen Stock Connect participation, with notable net buying in Jianghai Co. (234.93 million), Jingwang Electronics (192.38 million), and Cambridge Technology (105.22 million) [7][8].

Group 1 - Several companies, including Guangxun Technology, Jingwang Electronics, Xingwang Ruijie, and Cambridge Technology, experienced a limit down in their stock prices [1] - New Yisheng, Tianfu Communication, and Taicheng Light, among others, saw their stock prices drop by over 10% [1]

Summary of Key Points Core Viewpoint - On September 2, a total of 40 stocks were identified with institutional activity, with 19 stocks showing net buying and 21 stocks showing net selling by institutions [1]. Institutional Buying - The top three stocks with the highest net buying by institutions were: - Liao Co., with a net buying amount of 222 million [1] - Maiwei Bio, with a net buying amount of 109 million [1] - Yingweike, with a net buying amount of 93.3 million [1]. Institutional Selling - The top three stocks with the highest net selling by institutions were: - Baiji Shenzhou, with a net outflow amount of 1.261 billion [1] - Jingwang Electronics, with a net outflow amount of 290 million [1] - Chuangxin Medical, with a net outflow amount of 216 million [1].

Market Overview - On September 2, the A-share major indices collectively adjusted, with a total trading volume of 2.91 trillion yuan, an increase of 134.8 billion yuan compared to the previous trading day [1] - The CPO concept experienced a significant pullback, while sectors such as communication equipment and semiconductors saw substantial declines. Conversely, the banking, precious metals, and robotics sectors rose against the trend [1] Stock Performance - A total of 44 stocks hit the daily limit up, with 13 stocks achieving consecutive limit-ups. The limit-up rate was 52% (excluding ST and delisted stocks) [3] - Notable stocks included Tianpu Co., which achieved an 8-day consecutive limit-up, and robotics concept stocks like Kosen Technology and Kaidi Co., which had 7 and 5 consecutive limit-ups, respectively [3] Key Stocks and Trading Data - Tianpu Co. reached a price of 57.10 yuan, with a 10% increase and an 8-day consecutive limit-up [4] - Changchun High-tech reported a 10% increase to 124.71 yuan, with a trading volume of 27.34 billion yuan and a turnover rate of 5.53% [6] - Supply and Marketing Cooperative achieved a 9.84% increase to 2.68 yuan, with a trading volume of 20.67 billion yuan [6] Institutional Trading - The top three net purchases on the daily leaderboard were Jilun Intelligent, Changchun High-tech, and Supply and Marketing Cooperative, with net purchases of 437 million yuan, 275 million yuan, and 258 million yuan, respectively [5] - The top three net sales were Hengbao Co., Wolong Electric Drive, and Liou Co., with net sales of 537 million yuan, 494 million yuan, and 259 million yuan, respectively [5] Sector Highlights - Wolong Electric Drive is focusing on humanoid robots and has reported a 36.76% year-on-year increase in net profit for the first half of 2025, amounting to 537 million yuan [17] - Changchun High-tech's revenue for the first half of 2025 was approximately 6.60 billion yuan, a year-on-year decline of 0.54%, with a net profit of about 983 million yuan, down 42.85% [10] - Supply and Marketing Cooperative is positioned as a national urban-rural circulation infrastructure operator, with a focus on smart supply chain transformation and a 105.47% year-on-year increase in online retail revenue for its commodity trading business in 2024 [13]